D-Wave Quantum (NYSE:QBTS) Trading Up 1.1% – Should You Buy?

D-Wave Quantum Inc. (NYSE:QBTS) shares were up 1.1% during trading on Friday . The stock traded as high as $20.67 and last traded at $20.4970. Approximately 20,224,040 shares changed hands during trading, a decline of 32% from the average daily volume of 29,703,084 shares. The stock had previously closed at $20.28.

Key Stories Impacting D-Wave Quantum

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: Management is staging its first-ever Investor Day at the New York Stock Exchange, increasing visibility with institutional investors and providing a forum to present roadmaps for revenue, bookings and product strategy. This can support near-term sentiment and liquidity. D-Wave Quantum (QBTS) to Host First-Ever Investor Day at the New York Stock Exchange
• Positive Sentiment: Zacks upgraded QBTS from “strong sell” to “hold,” removing a strong negative rating and signaling modestly improved analyst sentiment — a supportive technical for the stock. Zacks upgrade / TickerReport
• Positive Sentiment: Coverage and comparison pieces highlight renewed investor interest driven by AI-quantum convergence, bookings growth and policy support — factors cited as potential upside drivers if execution and commercial traction continue. QBTS or RGTI: Which Quantum Play Will Offer Better Upside in May?
• Neutral Sentiment: Balanced analyst write-ups (bull vs. bear) lay out both long-term potential and short-term risks without a clear consensus — useful for investors but not a decisive price catalyst by itself. Bull vs. Bear: D-Wave Quantum
• Neutral Sentiment: Valuation and volatility analyses note large recent swings (big month-to-month moves and YTD weakness), which keep QBTS a high-beta trade for investors willing to accept execution risk. Assessing D-Wave Quantum (QBTS) Valuation After Recent Volatility And Contrasting Shareholder Returns
• Neutral Sentiment: Coverage of peers (e.g., Rigetti) provides comparative context — competitors’ balance-sheet strength or product progress matter for relative positioning but don’t directly move QBTS absent company-specific news. Rigetti’s Balance Sheet Strength Supports Quantum Growth Path
• Negative Sentiment: Media commentary framing the broader software/tech bear market raises sector headwinds and questions whether it’s the right time to “buy the dip” in quantum stocks, which can pressure sentiment if macro risk aversion rises. Software Bear Market: Should You Buy the Dip in D-Wave Quantum Stock Right Now?
• Negative Sentiment: Fundamental headwinds persist: a recent quarterly EPS and revenue miss, deeply negative margins and ongoing net losses mean QBTS must show scaling revenue and margin improvements to justify higher valuations — execution shortfalls would weigh on the stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group set a $43.00 price objective on shares of D-Wave Quantum in a research note on Thursday, January 29th. TD Cowen assumed coverage on shares of D-Wave Quantum in a research note on Thursday, February 12th. They issued a “buy” rating on the stock. Weiss Ratings cut shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. Northland Securities assumed coverage on shares of D-Wave Quantum in a research note on Monday, April 20th. They issued a “market perform” rating and a $22.00 price objective on the stock. Finally, Mizuho decreased their price objective on shares of D-Wave Quantum from $46.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Fourteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.53.

D-Wave Quantum Price Performance

The business’s 50 day moving average is $17.44 and its 200-day moving average is $23.51. The firm has a market capitalization of $7.58 billion, a P/E ratio of -18.63 and a beta of 1.95. The company has a quick ratio of 42.25, a current ratio of 42.38 and a debt-to-equity ratio of 0.04.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The firm had revenue of $2.75 million during the quarter, compared to the consensus estimate of $3.74 million. D-Wave Quantum’s revenue for the quarter was up 21.7% compared to the same quarter last year. As a group, sell-side analysts predict that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

Insider Activity at D-Wave Quantum

In other D-Wave Quantum news, Director Rohit Ghai sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the sale, the director owned 27,778 shares in the company, valued at $489,448.36. This trade represents a 26.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Sophie C. Ames sold 3,070 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $21.35, for a total transaction of $65,544.50. Following the completion of the sale, the vice president owned 643,678 shares in the company, valued at $13,742,525.30. This represents a 0.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 31,776 shares of company stock worth $574,571. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of D-Wave Quantum

A number of hedge funds have recently added to or reduced their stakes in the stock. Global Assets Advisory LLC acquired a new stake in D-Wave Quantum in the first quarter valued at approximately $46,000. Diversify Wealth Management LLC acquired a new stake in D-Wave Quantum in the first quarter valued at approximately $264,000. Citizens Financial Group Inc. RI boosted its position in D-Wave Quantum by 1.6% in the first quarter. Citizens Financial Group Inc. RI now owns 79,586 shares of the company’s stock valued at $1,148,000 after buying an additional 1,226 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of D-Wave Quantum by 3,350.0% during the first quarter. Fifth Third Bancorp now owns 53,199 shares of the company’s stock worth $768,000 after purchasing an additional 51,657 shares during the period. Finally, Rossmore Private Capital lifted its holdings in shares of D-Wave Quantum by 41.9% during the first quarter. Rossmore Private Capital now owns 16,920 shares of the company’s stock worth $244,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.